PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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Based on its average 5-year and quarterly capital gains NOTTING HILL, 3168 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that NOTTING HILL, 3168 obtained a 6.86% growth over a ten-year period. It ranks 644th on our list of suburbs that property investors should look into.
NOTTING HILL, 3168 in VIC belongs to the local government area of Monash (C).
NOTTING HILL, 3168 has a capital gain of -0.34% for the past year, which is lower than average compared to its 29.66% growth within a five-year period.
With the median home price in NOTTING HILL sitting at $883,000, and the average rent at $450, property owners could potentially earn a 2.65% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NOTTING HILL are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $883,000 | $395,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.2% | -0.13% |
| Median 12 month | -0.34% | 17.91% |
| Median 3 years | 0.8% | 23.25% |
| Median 5 years | 29.66% | -2.47% |
| 10 years average annual | 6.86% | 2.13% |
| Weekly media advert. rent | $450 | $390 |
| Time on Market | 98.3 days | 90.9 days |
| Gross Rental Yield Percent | 2.65% | 5.13% |
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